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Market news | COOLPAD GROUP rises nearly 6%, plans to acquire a majority stake in a Canadian Cryptos mining hosting company.
COOLPAD GROUP opened over 14% higher, and as of the time of this report, it has risen by 5.88%, trading at 0.036 Hong Kong dollars, with a transaction volume of 1.736 million Hong Kong dollars.
COOLPAD GROUP (02369.HK) plans to invest up to 3.3 million USD in Cryptos mining custody Business.
COOLPAD GROUP (02369.HK) announced that it has signed a memorandum of understanding with Newdecade Energy, under which the company plans to acquire a majority stake (estimated to be between 60% and 90%) in 10139882 Manitoba Ltd, which is mainly engaged in the custody of Cryptos mining, with a cash consideration not exceeding 3.3 million USD.
COOLPAD GROUP (02369.HK) plans to purchase a majority stake in 10139882 Manitoba Ltd.
On March 6, Gelonghui reported that COOLPAD GROUP (02369.HK) announced that on March 6, 2025, its wholly-owned subsidiary Coolpad Investment Limited (the buyer) entered into a memorandum of understanding with Newdecade Energy Ltd (the seller), under which the buyer intends to purchase and the seller intends to sell the majority shares of 10139882 Manitoba Ltd (the target company) (expected to account for 60% to 90% of the total issued shares of the target company). The suggested acquisition matters are based on the terms and conditions set in the final agreement.
Coolpad Group Resumes Trading
Hong Kong stock movement | COOLPAD GROUP (02369) resumed trading with a high opening and low closing, during which it plummeted over 45%. The company was previously suspended due to a delay in publishing its performance report.
The COOLPAD GROUP (02369) announced its resumption of trading after being suspended for nearly a year. This morning, it opened over 30% higher, but after the opening, the stock price quickly plummeted, and at one point during the session, it dropped more than 45%. As of the time of writing, it has fallen by 31.67%, trading at HKD 0.041, with a transaction volume of HKD 35.4443 million and a fluctuation of up to 76.67%.
COOLPAD GROUP: Interim Report 2024